Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29 County Road 1361 Booneville, MS 38829

    Sponsored
    For Sale
    $99,000

    Acres 10+,Lots - MS

    Lot size:
    30.00 Acres
    Days on Market:
    17
    Last Refresh:
    Feb 2 at 7:06 am

    Property Features for 29 County Road 1361

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    30.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Annah Barnes

    SmallTown Hunting Properties & Real Estate (769) 888-2522

    Listing agent Annah Barnes (769) 888-2522

    Listing date Jan 17, 2026

    MLS# 164421 Listing URL

    Copyright © 2026 North Central Mississippi Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    30 Acres in Prentiss County

    This 30-acre property is located on County Road 1361 in Booneville, Prentiss County, Mississippi. The land features 975 feet of road frontage and includes a 1-acre pond. The property is cutover and offers a potential home site. Big Brown Creek runs through the land, which has a rolling topography. Utilities are available at the road. The location is 12 miles northeast of Booneville and 20 miles southeast of Corinth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Booneville
    County
    Prentiss
    State
    Mississippi
    Longitude
    -88.431403
    Latitude
    34.715439

    Nearby Similar for Sale

    • $450,000
      816 SF

      Jumpertown Multifamily Investment Opportunity

      Six apartment buildings on 1.5 acres in Jumpertown, Mississippi.
      570 Ms 4 W Prentiss, Booneville, MS 38829
      View Details
    • $599,000
      4,800 SF

      Retail Space in Booneville, MS

      High-visibility retail space in the heart of Booneville, Mississippi.
      609 N 2Nd St, Booneville, MS 38829
      View Details
    • $500,000
      5,800 SF

      Booneville Commercial Property For Sale

      Restaurant space available across from Northeast Community College in Booneville.
      811 N 2Nd St, Booneville, MS 38829
      View Details
    • $757,335
      10,000 SF

      Booneville, MS Dollar General Store

      Dollar General store for sale in Booneville, Mississippi.
      611 W Chambers Dr, Booneville, MS 38829
      View Details
    • $3,660,000
      86,280 SF

      Vacant Shopping Center with Storage

      86,280 SF shopping center with climate-controlled storage units.
      703 E Church St, Booneville, MS 38829
      View Details
    • Contact for pricing
      106,760 SF

      Booneville Warehouse and Distribution Facility

      106,760 SF warehouse/distribution facility on 23.8 acres.
      200 E Parker Dr, Booneville, MS 38829
      View Details
    • $75,000

      Booneville Commercial Lot - High Traffic!

      Prime Booneville location, high visibility, near Walmart.
      Blvd, Booneville, MS 38829
      View Details
    • $350,000
      4.94 Acres

      Booneville Commercial Property - 4.94 Acres

      Two buildings, ample land, diverse uses.
      1918 2Nd St, Booneville, MS 38829
      View Details
    • $399,000

      Booneville Commercial Lot - High Traffic!

      Prime Booneville location, high visibility, near Walmart.
      1 Parker Dr Ave, Booneville, MS 38829
      View Details
    • $297,500
      0.65 Acres

      Booneville Commercial Property Investment

      Versatile 5,000+ sq ft building, great potential!
      607 Martin Luther King Jr. Dr, Booneville, MS 38829
      View Details
    • $560,000
      0.50 Acres

      Booneville Commercial Property - High Traffic

      Two-unit commercial building, high-traffic location, income potential.
      202 2Nd St, Booneville, MS 38829
      View Details
    • $600,000
      1,118 SF

      Booneville Restaurant - Prime Location

      Vacant QSR/Restaurant, 1118 SF
      811 2Nd St, Booneville, MS 38829
      View Details

    FAQs

    What type of property is this?
    Land - 30-acre lot with road frontage, pond, and utilities available.
    Where is this land located?
    The property is located at 29 County Road 1361 Booneville, MS.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: - 30 Acres of Land offering ample space and possibilities.; - Enjoy the 1 Acre Pond, perfect for relaxation or recreation.; - Benefit from 975' Road Frontage, providing easy access.
    (662) 316-3971
    Request Owner's contact information
    29 County Road 1361 Booneville, MS 38829
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29 County Road 1361
    Booneville, MS 38829
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    29 County Road 1361 Booneville, MS 38829
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Annah Barnes
    (662) 316-3971
    Learn more
    Google sign-in failed. Please try again or use another login method.